I also have the advantage of: sometimes working around where the tenements are, being able to occasionally talk to the contractors who are positive about prospects, knowing the type of rough country and what they are likely to find, seeing the drill crews working roundabout where/when they are supposed to according to announcements.
And its all good so far. I am a long term holder.
Regarding coal - well the company has not mentioned it and I don't know. Is that lease terminology indicating coal? But there is a lot of coal in Queensland, and Mt. Mulligan is not too far away with its huge coal deposit and I, for one anyway, would be very pleased if the prospectors did discover a big load of coal and added it to the list.
What would shareholders say if they found out that the prospectors had stumbled over a large seam of coal and said "damm, there's all this coal in the way and we can't get to the uranium. Lets go to an easier place where we can focus on uranium" ??
MKY
mky resources ltd
drilling confirms depth continuity of minerali, page-23
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